The story of this market
The typical home in ZIP 04978 sells for about $747,149, or $325 per square foot.
Prices are down 6.98% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,109 a month.
ZIP 04978 — Smithfield
The housing market in 04978 shows signs of stabilization following a period of price correction, with inventory levels remaining tight. Demand continues to be driven by local professionals and families, though higher interest rates have tempered the pace of sales compared to previous years.
This ZIP is ideal for family buyers and professionals seeking a balance between coastal living and access to regional employment, offering a stable community environment.
Median prices moved down 7.0% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.3% · poverty 5.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 04978, Plymouth County MA
Crime rates in this area remain low relative to regional averages, with property crime being the primary concern. Local law enforcement reports stable trends over the past year.
Schools serving this ZIP are generally well-regarded, with several institutions maintaining high performance ratings in state-level assessments.
The area faces moderate risk from coastal storm surges and wind events, necessitating standard flood and hazard insurance coverage for most residential properties.
Economic momentum is driven by proximity to regional employment hubs and steady demand for residential development, though large-scale infrastructure projects are currently limited.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maine) — Maine Resident Homestead Property Tax Exemption: Provides a reduction in the valuation of the homestead for property tax purposes. The exemption amount is set by state statute (currently $25,000 of the just value of the property). The formula is: (Just Value - Homestead Exemption) * Local Tax Rate = Tax Due.
Commuters primarily rely on personal vehicles for access to regional employment centers, with limited public transit options available for daily travel.
The area features extensive access to coastal parks, walking trails, and local shopping districts, providing a high quality of life for outdoor enthusiasts.
The rental market is characterized by low vacancy rates and steady demand, with limited new inventory contributing to consistent rent growth.
The local economy is supported by tourism, healthcare, and professional services, with a strong emphasis on small business and regional retail.
Transportation is primarily highway-based, with access to major regional corridors connecting to larger metropolitan employment centers.
Development is focused on infill projects and the revitalization of existing commercial districts to support population growth.
Parcels are subject to standard municipal and county-level utility and school district assessments.
Property insurance premiums are influenced by coastal hazard exposure, with market health remaining stable despite rising costs.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Historic waterfront area with parks and dining.
Large state forest offering camping, hiking, and swimming.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.